The Art of Spending Money – Morgan Housel

The Art of Spending Money by Morgan Housel is a thoughtful and psychologically driven guide that helps readers understand not just how to save or invest money — but how to spend it wisely to enhance real happiness. Housel argues that many of us chase spending habits that impress others but don’t fulfill us, or save too much out of fear without enjoying life. He explores how our emotions, social comparisons, and identity shape our spending decisions — for example, why we confuse envy with admiration, or comfort with excess.  Instead of giving rigid financial hacks or budgets, the book teaches self-awareness and helps readers define what “wealth” means for them, so they can make spending choices that align with their values and long-term well-being.